Source link Production of Boeing’s 737 MAX jetliner has declined sharply in recent weeks due to a series of regulatory checks and safety audits, Reuters reported on Wednesday, citing unnamed industry sources. In February, the US Federal Aviation Administration (FAA) imposed a production ceiling of 38 jets per month, following a blowout on a 737 […]
Source link The fossil fuel industry is expected to spend more than $1 trillion globally over the next decade on natural gas production, driven by growing demand from Europe, a report released this week by climate campaign group Global Witness has claimed. The NGO’s analysis of data from Rystad Energy shows that $223 billion of the […]
Source link Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian gas output […]
Source link The OPEC+ group of major oil-producing countries led by Russia and Saudi Arabia agreed to deepen production cuts to about 2.2 million barrels per day (bpd) at a meeting on Thursday, according to a statement from the delegates. The group, which accounts for over 40% of global crude production, met to discuss next […]